Quote:
Originally Posted by Myhome
Thankyou Pinnacle , the answer to Mr.Sharma on Capital Gains was really helpful for me as well. Thanks .
Have a question for you ? just wanted to share your thoughts over it .
I hold a foreign passport ( only 2 months back I got , till then had a Indian Passport / I have a Pancard and already a taxpayer in India ) . In this situation if I want to invest in real estate mkt. say for example On my self owned land want to start a construction company , business of construct / build, sell houses etc ..
How is it I am going to be effected .
Please do let me know , your thoughts .
Regards
Amber
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Hi Amber
You accquiring a foreign passport doesnt affect your right of buying and selling properties in India. Currently, foriegners are not allowed to buy real estate in India, except in Goa.
Persons who are allowed to but are indian,s NRI's and Person of Indian Origin (PIO).
You can surely build on your land and sell those properties
Hope this helps